Type : Bearish Drop Resistance :0.61615 Pivot: 0.60565 Support : 0.60050 Preferred Case: On the H4, with price moving below descending trendline and ichimoku indicator, we have a bearish bias that the price may drop from the pivot at 0.60565, where the current price is to the 1st support at 0.60050, where the 78.6% fibonacci projection is. Alternative...
NZDUSD (and 6N) has every chance of dropping to 0.63900, as it underwent seven unsuccessful attempts (chart 1h) to break through the 0.65800 level.
Hi everyone. Here is my analysis on the new zealand dollar. A very nice movement to take. The 1st level would be to get the trendline (0.5900) If break watch out for 0.5955 then direction 0.6060. BE CAREFUL if it goes below 0.5840 we continue the descent 0.5800 then 0.5600 Comment & like my analys. Follow me too :)